Everest Group, Ltd.’s (EG) product diversification, higher income from the fixed income portfolio, favorable estimates, strong renewal retention, prudent capital deployment and a solid capital position make it worth retaining in one’s portfolio.Growth ProjectionsThe consensus estimate for Everest Group’s 2025 earnings per share indicates a year-over-year increase of 10.1% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $19.27 billion, implying a year-over-year impr ...

Everest Group, Ltd. (EG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EG's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 2 ...

It has been about a month since the last earnings report for Everest Group (EG) . Shares have added about 3.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Everest Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Everest Group Q4 Earnings Beat on Improved Pr ...

Everest Group, Ltd. (EG) is well-poised to gain on the back of product diversification, higher income from the fixed income portfolio, favorable estimates, strong renewal retention, prudent capital deployment and a solid capital position.Growth ProjectionsThe Zacks Consensus Estimate for Everest Group’s 2025 earnings per share is pegged at $68.07, indicating a year-over-year increase of 9.7%. The consensus estimate for revenues is $19.26 billion, implying an increase of 9.4%.The expected long-term earnings ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K X Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-15731 EVEREST GROUP, LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0365432 (State or other jurisdiction of incorporation or organization) (I.R ...

JHVEPhotoInvestment Thesis Everest Group (NYSE:EG) is a reinsurance and primary insurance provider. EG is embarking on global expansion in the primary insurance market, attempting to capture the nearly $1 trillion in total addressable market. Additionally, the strong reinsurance market will continue to provide significant tailwinds until at least fiscal year 2025. Across the whole business, EG grew its gross written premiums by 20.9% year over year, with a company-wide combined ratio of 90.9%. Continued ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions has announced the promotion of two key leaders in the Reinsurance Division, both effective immediately. Jill Beggs has been promoted to Reinsurance EVP and Chief Operating Officer of the Division. In this role, Ms. Beggs will manage the profitable growth of the division’s worldwide portfolio, including Global Treaty, F ...

Financial Data and Key Metrics Changes - Everest Group Ltd. achieved record annual results in 2023, with annual operating income and net income both exceeding $2.5 billion, representing a 21% growth in constant dollars, ending the year at nearly $17 billion in gross written premium [15][8][47] - Operating earnings per share reached $66.39, with an operating return on equity of 23.1% and a total shareholder return of 26.5% [8][15] - Book value per share improved by 44.3% from year-end 2022, ending the quarter at $304.29, and excluding net unrealized depreciation, it stood at $320.95, a 23.8% increase [25][15] Business Line Data and Key Metrics Changes - Reinsurance gross written premiums grew by 21.9% in constant dollars, driven by double-digit increases in various property lines, with a combined ratio of 78.8%, an improvement of 8 points from the prior year [9][15] - The attritional loss ratio improved to 62.6%, primarily due to a higher proportion of short tail lines within the portfolio [10][15] - The core portfolio achieved a broad-based 12% rate increase, with particularly strong pricing in marine, commercial auto, and general liability lines [6][15] Market Data and Key Metrics Changes - Market conditions remain strong, with no significant new capacity entering the market, leading to excellent conditions for upcoming renewals [4][15] - The company capitalized on the hard market to grow in attractive lines across its businesses, particularly in Property Cat globally [14][47] Company Strategy and Development Direction - The company is focused on disciplined international strategy, expanding its insurance platform across various regions, including Latin America, the UK, and Asia Pacific [18][15] - Everest aims to drive sustainable margin expansion while distinguishing itself as a preferred lead market platform [17][15] - The company has shifted to shorter tail lines with favorable pricing and a strong profit trajectory, enhancing its underwriting guidelines and risk selection parameters [7][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong overall reserve position and the ability to manage social inflation risks effectively [57][15] - The company anticipates continued excellent market conditions for upcoming renewals throughout 2024, supported by its capital strength and underwriting diversification [47][15] - Management highlighted the importance of maintaining a disciplined approach to underwriting and risk selection to ensure profitability [46][15] Other Important Information - The company recorded a net investment income increase of over $200 million year-over-year, totaling $411 million for the quarter, driven by higher assets under management and new money yields [23][15] - Everest successfully executed a strategy to sell lower yielding bonds, resulting in after-tax realized fixed income losses of approximately $210 million, while reinvesting in higher coupon bonds [51][15] Q&A Session Summary Question: Concerns about reserve strengthening in insurance - Management clarified that the reserve adjustments were primarily related to general liability and that they have been conservative in their loss picks since 2021, ensuring confidence in the current reserve levels [28][57] Question: Sustainability of pricing and terms in the reinsurance market - Management indicated that the market remains strong due to a persistent gap between supply and demand, with no significant new capital formation, which supports the sustainability of pricing [107][15] Question: Impact of social inflation on future objectives - Management expressed confidence in achieving their objectives despite potential social inflation pressures, citing a well-diversified portfolio and prudent risk management practices [116][15]

Everest Group, Ltd.’s (EG) fourth-quarter 2023 operating income of $25.18 per share beat the Zacks Consensus Estimate by 72.1%. The bottom line doubled year over year.Everest Group witnessed higher premiums across its reinsurance and insurance businesses and improved net investment income. Higher expenses and lower underwriting income partially offset the upside.Operational UpdateEverest Group’s total operating revenues of nearly $3.65 billion increased 12.3% year over year on higher premiums earned and net ...

For the quarter ended December 2023, Everest Group (EG) reported revenue of $3.66 billion, up 14.6% over the same period last year. EPS came in at $25.18, compared to $12.21 in the year-ago quarter.The reported revenue represents a surprise of -8.66% over the Zacks Consensus Estimate of $4.01 billion. With the consensus EPS estimate being $14.63, the EPS surprise was +72.11%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...